Good reference here:
http://1985mustanggt.com/Reference/2009-09-19_Mustang_MC_Info.pdfBasically, it depends on how hard/soft of a pedal you prefer, which is also somewhat influenced by the choice of manual/power brakes too...
In your case/ with 4 piston fronts and the large bore Versailles calipers, I wouldn't go below 1" bore.
Listed from softest pedal/longest travel to hardest pedal/shortest travel:
MC39647 - 1" bore - 1985 Lincoln Towncar (iron or aluminum!)
MC390185 - 1-1/16" bore - 1994 Mustang GT (metric/plastic reservoir)
MC39447 - 1-1/8" bore - Lincoln Mk7 / SVO (iron or aluminum!)
MC36352 - 1-1/4" Bore - 1972 F250 (It's HUGE!)